Best Financial Advisors in Cathedral City

Find top-rated local financial advisors who can help you achieve your financial goals with personalized strategies and expert guidance.

Find an Advisor Estimated Advisor Fees
60+
Advisors
4.7/5.0
Average Rating

Cathedral City Financial Landscape

The economy of Cathedral City is primarily driven by tourism, retail, and healthcare services. The city benefits from its proximity to Palm Springs, attracting visitors year-round.

Major industries
Tourism, Retail, Healthcare
Population
53K (metro: 529K)
Median household income
$52,000
Unique needs
Cathedral City requires tailored financial services due to its diverse population and economic reliance on tourism.
Market Insights
Economic Growth
According to BEA (2023), Cathedral City has seen a 3% growth in GDP, driven by tourism and service sectors.
Wealth Demographics
According to Census (2023), the median income in Cathedral City is $52,000, reflecting the area's diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Cathedral City are increasingly focusing on retirement planning and real estate investment.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Cathedral City is approximately 10% lower than the national average, making it affordable.
Real Estate Market
According to Zillow (2024), the real estate market in Cathedral City shows a 5% increase in home prices, indicating strong demand.
Business Environment
According to Fortune (2024), Cathedral City's business climate is favorable, with incentives for small businesses and startups.

Top 5 Financial Advisors in Cathedral City

Primerica Financial Services
★ ★ ★ ★ ★ 5
Hancock Partners Wealth Strategies
★ ★ ★ ★ ★ 5
Heslin Wealth Management
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Martin R Noble, CFP®
★ ★ ★ ★ ★ 5
Cornerstone Wealth Management, LLC
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Cathedral City, consider these essential factors

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Fiduciary Standard
Prioritize advisors who commit to acting as fiduciaries 100% of the time, legally obligating them to put your interests first.
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Cathedral City-Specific Expertise
For Cathedral City residents working in Tourism, Retail, Healthcare, consider advisors with specific experience in your industry's unique compensation and benefit structures.
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Fee Structure Transparency
Understand how your advisor is compensated—whether through fees, commissions, or a combination—and how this might influence their recommendations.
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Credentials
Seek advisors with recognized credentials such as CFP®, CFA, or ChFC designations, indicating advanced training and ethical standards.
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Communication Style
Choose an advisor whose communication approach matches your preferences regarding frequency, detail, and method of interaction.
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Risk Management Focus
Cathedral City's tourism reliance poses economic risks; housing market volatility may lead to bubbles. Prepare for flooding and heat risks; diversify investments.

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